Elon Musk's Tesla posts cash burn as capex surges on AI, robotaxi push
Tesla AI spending
Covered by 13 sources
- Guardian World·5h agoTesla stock suffers double-digit drop on carmaker’s worst day in years
Elon Musk’s EV company lost a quarter of its value after revealing weak profits and high spending on AI and robotics Tesla’s stock fell about 13.5% on Thursday in one of the biggest single-day market losses in the company’s history. Elon Musk’s automaker has struggled throughout…
Read at Guardian World → - CNBC Top News·8h agoTesla, Alphabet lose hundreds of billions in value in post-earnings stock plunge
Both Tesla and Alphabet signaled higher spending as they invest in artificial intelligence.
Read at CNBC Top News → - The Verge·11h agoTesla’s robotaxi promises are clashing with reality
In an earnings call yesterday, Tesla CEO Elon Musk did his best to paint a positive portrait of the company's robotaxi program. New cities are being added, more miles are being driven, and more people are experiencing Tesla's unsupervised vehicles. But Musk's typical bullishness…
Read at The Verge → - Gizmodo AU·11h agoTesla Stock Falls After Elon Musk Frets Over the Difficulty of Building Robots
The CEO seems to think his competitors are cheating.
Read at Gizmodo AU → - Bloomberg Opinion·15h agoTesla Disappoints on Earnings and Its Robotaxi Rollout, Too
As Tesla Inc.’s main electric vehicle business has stalled, its narrative has expanded to new frontiers. The company’s trillion-dollar-plus valuation increasingly relates more to the sheer size of some touted addressable market, rather than how well Tesla addresses that market.…
Read at Bloomberg Opinion → - Silicon Republic·19h agoTesla shares fall after company misses Q2 analyst expectations
Musk, meanwhile, reignited speculations of a potential Tesla-SpaceX merger.
Read at Silicon Republic → - Irish Times Business·21h agoTesla’s profits plunge as Elon Musk’s carmaker uses discounts to boost sales
Capital expenditures more than doubled as company accelerates pivot to AI and robots
Read at Irish Times Business → - NDTV World·1d agoTesla Profit Falls As Musk Ramps Up Spending On AI, Robotaxis
Tesla's second-quarter profit dropped 12% as R&D spending jumped 49%, even as revenue and vehicle sales beat Wall Street expectations
Read at NDTV World → - Deccan Chronicle Ent·1d agoTesla Shares Fall as Musk Touts Ambitious, Costly Plans
Revenues rose 26 percent to $28.2 billion.
Read at Deccan Chronicle Ent → - Globe and Mail Biz·1d agoElon Musk’s Tesla reports negative free cash flow for first time in more than two years
EV maker accelerated quarterly spending on AI infrastructure, battery capacity, robotaxis and next-generation manufacturing
Read at Globe and Mail Biz → - ET Tech·1d agoElon Musk's Tesla posts cash burn as capex surges on AI, robotaxi push
Tesla Inc.reported negative free cash flow of $1.1 billion in Q2 as heavy spending on AI, robotaxis and manufacturing weighed. Deliveries beat expectations, while energy storage surged. Investors remain focused on autonomy and robotics growth as core auto demand faces rising…
Read at ET Tech → - ET Markets·1d agoElon Musk's Tesla posts cash burn as capex surges on AI, robotaxi push
Tesla Inc.reported negative free cash flow of $1.1 billion in Q2 as heavy spending on AI, robotaxis and manufacturing weighed. Deliveries beat expectations, while energy storage surged. Investors remain focused on autonomy and robotics growth as core auto demand faces rising…
Read at ET Markets →
